UKIP Leader comments on Philip Hammond’s upcoming budget
At today’s budget announcement, Chancellor of the Exchequer Phillip Hammond will announce a commemorative Brexit 50p coin to mark the historical event of the UK leaving the European Union.
Mr Hammond has also noted that an entirely new budget will have to be created in the event of a so-called no deal Brexit.
UKIP Leader Gerard Batten commented:
“It’s wonderful that the Royal Mint will be marking this historic occasion with a commemorative coin but the way things are going it looks like we will have the coin long before we have Brexit.
“Mr Hammond has said that he will have to draft a brand new budget in the event of a so-called no deal scenario. This is a marvellous opportunity for us to think about how we will spend the money that will no longer be sent to the European Union.
“Outside of the Common Agricultural Policy and the Common Fisheries Policy we will be free to reclaim these two very important industries for Britain. UKIP is the only party committed to the full Brexit that 17.4 million people voted for and we welcome a redraft based on an independent Britain operating on WTO terms.”
UKIP MEP Patrick O’Flynn on Philip Hammond’s budget speech
Chancellor of the Exchequer Philip Hammond has made his Autumn Budget Statement to the House of Commons.
Patrick O’Flynn, UKIP MEP, said:
“The British economy is performing well in spite of Philip Hammond and not because of him.
“The Government’s muddled and incompetent handling of Brexit has undoubtedly caused a pause in investment levels as businesses have faced needless uncertainty. And uncertainty has been the watchword of Mrs May and Mr Hammond.
“The Chancellor has also frequently talked down the British economy, spreading gloom rather than engendering confidence.
“The Treasury predicted an immediate and acute recession would follow a Leave vote. But in fact the economy has grown in every quarter since June 2016.
“This growth has been in the face of regular briefings from within Mr Hammond’s department that have sought to spread alarm about UK economic prospects outside the European Union.
“On a more positive note, it was good to hear the Chancellor accept that ending austerity is as much about letting working people keep more of their own money as it is about extra state spending.
“But here again action was limited to snail-pace rises in the personal allowance. Reducing immigration for working class jobs would be the key change needed to stimulate wage growth for those who need and deserve it most. Yet under Mr Hammond there is precious little sign of that.”